Im not going to go into specifics but many loaning companies are in the practice of attaching a "service fee/bundle/surcharge" to your regular payments. This extra fee can be extravagant, sometimes costing more than the interest of your loan.
The "benefits" of the fee can vary but often times there are no actual benefits. Everything the fee claims to get you can be given without it and/or was a one time benefit when you first got your loan.
Get in touch with your loan provider and ask them if there are any service fees or bundles you are currently paying for every pay day. You might be surprised to find you are overpaying on your loan.
April 26, 2019 at 08:33AM
